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Calendar Year

2004 in US Banking

1,169 bank events are on record for 2004: 4 failures, 853 mergers or acquisitions involving a bank, credit union or bank holding company, and 312 enforcement actions.

4
Failures
$170.1M in failed assets
853
Mergers
Federal Reserve NIC, banking organizations
312
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2004 · Bank mergers 2004

How many banks failed in 2004?

4 banks failed in 2004, with $170.1M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jun 25, 2004 Bank of Ephraim Ephraim, UT $56.8M Far West Bank
Mar 19, 2004 Reliance Bank White Plains, NY $28.6M Union State Bank
Mar 12, 2004 Guaranty National Bank Tallahassee, FL $71.3M Hancock Bank
Feb 14, 2004 Dollar Savings Bank Newark, NJ $13.4M —

Which banks merged in 2004?

853 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2004.

See the fuller list: Bank mergers 2004 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Oct 1, 2004 Greenpoint Financial Corp. NY North Fork Bancorporation, Inc.
Oct 1, 2004 Guaranty National Bancshares, Inc. DE Texas United Nevada, LLC
Oct 1, 2004 GNB Bancshares, Inc. TX Texas United Bancshares, Inc.
Oct 1, 2004 Madison Bancshares Group, Ltd. PA Vist Financial Corp.
Oct 1, 2004 Kewaunee County Banc-Shares, Inc. WI Baylake Corp.
Oct 1, 2004 First Polk Bankshares, Inc. GA Southcrest Financial Group, Inc.
Oct 1, 2004 Sun Bancorp, Inc. PA Omega Financial Corporation
Oct 1, 2004 Klein Bancshares, Inc. TX Amegy Holding Delaware, Inc.
Oct 1, 2004 National Commerce Financial Corporation TN Suntrust Banks, Inc.
Oct 1, 2004 Oak Forest Credit Union IL South Division Credit Union
Oct 1, 2004 Howard Savings Bank IL Edens Bank
Oct 1, 2004 Tarrant Affliliated Contractors Credit Union TX Family 1st of Texas Federal Credit Union
Oct 1, 2004 Dot District 2 Credit Union FL Florida Department of Transportation Credit Union
Oct 1, 2004 Frankfort Federal Employees Federal Credit Union KY Expree Credit Union
Oct 1, 2004 Corsicana Municipal Employees Credit Union TX Navarro Credit Union
Oct 1, 2004 Diakonia Credit Union CO Security Service Federal Credit Union
Oct 1, 2004 Unite Western States Regional Federal Credit Union CA Paradise Valley Federal Credit Union
Oct 1, 2004 Klein Bank TX Amegy Bank National Association
Oct 1, 2004 Westview Savings Bank MD Suburban Federal Savings Bank
Oct 1, 2004 Twin Cities Federal Credit Union MI Honor Credit Union dba Honor Investment Services
Oct 1, 2004 Tex-US Credit Union TX Rave Financial Credit Union
Oct 1, 2004 Community Banks of the Rockies CO Community Banks of Colorado
Oct 1, 2004 Harborview Credit Union CT Dutch Point Credit Union
Oct 1, 2004 State Bank of Hudson SD Premier Bank
Oct 1, 2004 Bank One, Delaware, National Association DE Chase Bank USA, N.A.
Oct 1, 2004 Emmanuel Federal Credit Union PA Viriva Community Credit Union
Oct 1, 2004 Saint Linus Credit Union MI Polish-American Federal Credit Union
Oct 1, 2004 Sun Bank PA Omega Bank
Oct 1, 2004 Darco Employees Credit Union TX East Texas Professional Credit Union
Oct 1, 2004 Saint Peters Parish Credit Union MI T L C Community Credit Union
Oct 1, 2004 Community Banks of Southern Colorado CO Community Banks of Colorado
Oct 1, 2004 C S M Federal Credit Union CO Credit Union of Colorado, a Federal Credit Union
Oct 1, 2004 Tribview Federal Credit Union PA Elliott Community Federal Credit Union
Oct 1, 2004 Wilmington Newspaper Federal Credit Union DE Community Powered Federal Credit Union
Sep 30, 2004 Apco Federal Credit Union OH Pathways Financial Credit Union, Inc.
Sep 30, 2004 Northview Financial Corporation IL Wintrust Financial Corporation
Sep 30, 2004 Rogers Brothers Federal Credit Union PA Erie Times Employees Federal Credit Union
Sep 30, 2004 Cordan Federal Credit Union VA Piedmont Credit Union
Sep 30, 2004 Fellowship Church Credit Union, Inc. OH Antioch Baptist Church Credit Union, Inc.
Sep 30, 2004 GF Telco Federal Credit Union ND Northern Valley Federal Credit Union
Sep 28, 2004 The First National Bank of Unadilla NE Countryside Bank
Sep 22, 2004 Infitech, Inc. FL First National Bank of Pennsylvania
Sep 21, 2004 Bank of Sturgeon Bay Building Corp. WI Baylake Bank
Sep 21, 2004 Cornerstone Financial, Inc. WI Baylake Bank
Sep 19, 2004 First Farmers State Bank IN First Financial Bank, N.A.
Sep 18, 2004 Twin Lakes National Bank KS Southwest National Bank
Sep 18, 2004 Emprise Bank National Association KS Emprise Bank
Sep 18, 2004 Montana Armed Forces Credit Union MT Intrepid Credit Union
Sep 17, 2004 United Family Credit Union MI Unity Credit Union
Sep 17, 2004 Bartonville Bank IL Better Banks

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
Jul 19, 2004 OCC_OTS Gibraltar Private Bank & Trust Co. Orders of Removal/Prohibition: Julio Calil
Jul 19, 2004 OCC_OTS United Holding Company, Inc. Cease and Desist: United Holding Company, Inc.
Jul 19, 2004 OCC_OTS Gibraltar Private Bank & Trust Co. Civil Money Penalty: Julio Calil
Jul 16, 2004 OCC_OTS Home Federal Savings Bank Cease and Desist: Home Federal Savings Bank
Jul 14, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Edmond, Stephanie
Jul 14, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Edmond, Stephanie
Jul 14, 2004 OCC First Tennessee Bank, National Association C&D or PC&D Requiring Restitution: Edmond, Stephanie
Jul 14, 2004 OCC First Tennessee Bank, National Association Prohibition/Removal Orders: Edmond, Stephanie
Jul 13, 2004 OCC The First National Bank of Evant Formal Agreement: The First National Bank of Evant
Jul 13, 2004 FRB (individual) Written Agreement: Traders Bank, A Banking Corporation, Spencer, WV
Jul 12, 2004 OCC_OTS Sobieski Bank Prompt Corrective Action: Sobieski Bank
Jul 9, 2004 FRB First Midwest Bank Written Agreement: First Midwest Bank, Itasca, Illinois
Jul 8, 2004 OCC The First National Bank of Mt. Pulaski Civil Money Penalty (CMP): Schmidt, J. Gene
Jul 2, 2004 OCC_OTS United Bank Cease and Desist: United Bank
Jun 30, 2004 OCC_OTS Bank Mutual Orders of Removal/Prohibition: Tony J. Anguiano, Jr.
Jun 30, 2004 OCC_OTS Algiers Bancorp, Inc. Orders of Removal/Prohibition: Joann Nichols
Jun 25, 2004 OCC Union Planters Corporation Prohibition/Removal Orders: Wiley, Lena M.
Jun 24, 2004 OCC The First National Bank of O'Donnell Prohibition/Removal Orders: Hogg, Jon
Jun 24, 2004 OCC (individual) Formal Agreement: Western National Bank
Jun 24, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Jon
Jun 23, 2004 OCC_OTS Universal Federal Savings Bank Cease and Desist: Maureen Navarro
Jun 22, 2004 OCC Surety Capital Corporation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Surety Bank, National Association
Jun 21, 2004 OCC The First National Bank of Mt. Pulaski Civil Money Penalty (CMP): Hollis, Jerry
Jun 17, 2004 FRB First Tennessee Bank National Association Memphis Prohibition from Banking: Stephanie Edmond
Jun 16, 2004 FRB Kenco Bancshares, Inc. Written Agreement: Kenco Bancshares, Inc., Jayton, TX
Jun 14, 2004 OCC JPMorgan Chase Bank, N.A. Prohibition/Removal Orders: Volkert, Adam S.
Jun 14, 2004 OCC Bank One Trust Company, N.A. Civil Money Penalty (CMP): Volkert, Adam S.
Jun 11, 2004 OCC First National Bank and Trust Formal Agreement: First National Bank and Trust
Jun 10, 2004 OCC The First National Bank of De Witt Formal Agreement: The First National Bank of de Witt
Jun 9, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Orders of Removal/Prohibition: Vernon H. Roy
Jun 9, 2004 OCC_OTS Washington Mutual, a Federal Savings Bank Civil Money Penalty: Vernon H. Roy
Jun 7, 2004 OCC The First National Bank of O'Donnell Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hogg, Matt
Jun 7, 2004 OCC The First National Bank of O'Donnell Civil Money Penalty (CMP): Hogg, Matt
Jun 7, 2004 OCC Integra Bank N.A. Civil Money Penalty (CMP): Stull, Brian
Jun 7, 2004 OCC First National Bank and Trust Formal Agreement: First National Bank and Trust
Jun 7, 2004 OCC Integra Bank N.A. Prohibition/Removal Orders: Stull, Brian
Jun 7, 2004 OCC_OTS Hamilton Federal Bank Civil Money Penalty: Hamilton Federal Bank
Jun 7, 2004 OCC Integra Bank N.A. C&D or PC&D Requiring Restitution: Stull, Brian
May 29, 2004 FRB Cib Marine Bancshares, Inc. Written Agreement: CIB Marine Bancshares, Inc.Pewaukee, WI
May 27, 2004 OCC_OTS United Trust Bank Cease and Desist: United Trust Bank
May 27, 2004 OCC Merchants Bank of California, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Merchants Bank of California, National Association
May 27, 2004 FRB Citigroup Inc. Cease and Desist Order: Citigroup Inc., New York, NY and CitiFinancial Credit Company, Baltimore, …
May 27, 2004 FRB Citigroup Inc. Civil Money Penalty $70,000,000: Citigroup Inc., New York, NY and CitiFinancial Credit Company, Baltimore, …
May 24, 2004 OCC Omega Financial Corporation Civil Money Penalty (CMP): Omega Bank, National Association
May 24, 2004 OCC Credit One Bank, N.A. C&D or PC&D Requiring Restitution: First National Bank of Marin
May 24, 2004 OCC BNY Mellon, N.A. C&D or PC&D Requiring Restitution: Bassett, Josiah C.
May 24, 2004 OCC Credit One Bank, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of Marin
May 24, 2004 OCC BNY Mellon, N.A. Prohibition/Removal Orders: Bassett, Josiah C.
May 21, 2004 FRB Riggs National Corporation Cease and Desist Order: Riggs National Corporation, Washington, D.C. and Riggs International Banking Corporation, …
May 20, 2004 OCC Beatrice National Corporation Civil Money Penalty (CMP): Cook, William

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